ChinSengFx

ChinSengFx

Good day traders! Welcome to another session of technical analysis. I would like to thank you for supporting me along the journey. Feel free to leave me a question, it would help a lot! USDCAD 4h chart, price has been rejected the monthly resistance and break below the uptrend channel. We will be looking for a sell setup after price has broke below the current...

ChinSengFx Updated 

Good day traders, hope you all have a pleasant weekend ahead. Weekend has always been the best day to do self reflect in our trades throughout the week, as well as to have weekly analysis to ready for the week ahead! Start off with EURUSD. From daily chart perspective, price has broke below the strong support. Nevertheless, price has closed in a very bearish...

ChinSengFx

Good day traders, hope you all have a pleasant weekend ahead. Weekend has always been the best day to do self reflect in our trades throughout the week, as well as to have weekly analysis to ready for the week ahead! From DXY, USD has been slowly gaining strength to move to the upside. Therefore, we believe that the upcoming week will be pretty bullish for USD...

ChinSengFx

Good day traders, hope you all have a pleasant weekend ahead. Weekend has always been the best day to do self reflect in our trades throughout the week, as well as to have weekly analysis to ready for the week ahead! For AUDJPY, from daily perspective, bull has been exhausted and bear has dominating the price at the moment. Price has formed a clean lower high and...

ChinSengFx Updated 

Good day traders! I hope you all have a great trading day ahead! Start off with EURUSD. Price has been pretty bearish recently and price action dictates that bullish momentum has slowly fade and bear market has taken charge. Head and shoulder has been formed in H4 timeframe and price is ranging on EMA 55. To have a good short setup, we are looking for a retest...

ChinSengFx Updated 

As what have been analyzed on weekend, gold price moved as to the direction that we expected. For now, we will not enter any entry on gold until gold break below the current support or which much preferably to retest the trendline as indicated above. If so, we can look for a sell at 1720 as that is the previous support which may turn into the resistance. Do...

ChinSengFx Updated 

Good day traders, I hope you all have a great weekend ahead and plan your trading strategy week ahead! Start off with EURUSD analysis, based on weekly chart, price can created a shooting star pattern. From H4 timeframe perspective, price has broken below the previous low (1.1280). As of now, price has broke below EMA55 in H4 timeframe. Therefore, we have all...

ChinSengFx Updated 

Good day traders, I hope you all have a great weekend ahead and plan your trading strategy week ahead! Gold has been trying to break above 1745 for the past week. However, price failed to break above 1745 and looks like ready to push to the downside. Gold price is at critical level at the moment, which lies between minor uptrend and major downtrend as shown in...

ChinSengFx Updated 

Good day traders, I hope you all have a great weekend ahead and plan your trading strategy week ahead! From weekly perspective, price has retested the key level which is at 1.7641 and ready to go to the downside. In H4 timeframe, price is moving in a down channel. Therefore, in order to find a good short setup, price has to break the minor uptrend as shown in...

ChinSengFx Updated 

From yesterday's idea, TP1 has hit and the chart has switched its momentum from bullish into bearish from different timeframe. Currently, price is making a correction after a massive BEARISH move yesterday. We will be looking for another SHORT entry at 69.34, which align with EMA55 and the previous support. Entry price: 69.34 SL: 70.23 TP: 67.10 It's not you...

ChinSengFx Updated 

AUDJPY, head and shoulder has been formed under H4 chart. Price is currently retesting the current support and EMA55. My team and I will be looking to short after a break of both EMA55 and support. Entry: 74.4 SL: 75.68 TP: 73.86 Risk Reward Ratio - 1:1.15 (Always aim for risk reward ratio more than 1:1)

ChinSengFx Updated 

H4 chart has formed a head and shoulder pattern and price has been slowly lossing bullish momentum, eyes on a CORRECTION after a strong push to the upside for the past few days. A break below EMA55 indicates a bearish signal. Entry: 69.75 SL: 70.53 TP1: 68.97 TP2: 67.07 Hereby provide 2 TP, TP1 is short term TP while TP2 is long term TP. Please control your...